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Musk Approaches Brain Chip Startup Synchron About Deal Amid Neuralink Delays -Sources
Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch-up in the race to connect the human brain directly to machines, according to four people familiar with the matter.
Einhorn's Greenlight Takes Stake In Twitter - Letter
Aug 29, 2022 10:56 PM
Hedge fund Greenlight Capital said it took a new stake in Twitter last month as the social media company sued to force Elon Musk to buy the company even as the billionaire entrepreneur said he has changed his mind about the deal.
EV Maker Nikola Beats Revenue Estimates On Higher Deliveries
Aug 29, 2022 10:56 PM
Nikola Corp exceeded market estimates for quarterly revenue as the electric-vehicle maker delivered more semi trucks after a production ramp-up, sending its shares 6% higher in trading before the bell.
U.S. Lawmakers Urge Joint Use Of Funds For Broadband, EV Charge Stations
Aug 29, 2022 10:56 PM
A group of 10 U.S. House Democrats asked President Joe Biden's administration to build electric vehicle charging stations together with broadband internet infrastructure under the $1 trillion infrastructure law approved in November 2021.
Foxconn To Build Autonomous Electric Tractors At Ohio Facility
Aug 29, 2022 10:56 PM
Taiwan's Foxconn, the world's largest contract electronics maker, said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio, facility starting in early 2023.
Foxconn Starts To Feel Sting Of Slowing Smartphone Sales
Aug 29, 2022 10:55 PM
Apple iPhone assembler Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom.
Oil Settles Up As IEA Hikes 2022 Demand Growth Forecast
Aug 29, 2022 10:55 PM
Oil prices settled up more than $2 after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices have some consumers switching to oil.
Analysis-Oil Prices Turn More Volatile As Investors Exit The Market
Aug 29, 2022 10:55 PM
Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility.
S.Korean EV Battery Maker SK On Raises $1.5 Billion In Expansion Push - Report
Aug 29, 2022 10:55 PM
The battery unit of energy group SK Innovation Co Ltd has been in talks with a local private equity consortium which includes EastBridge Partners, Korea Investment Partners and Stella Investment
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